IMMOGUM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMOGUM
Largest movements
- Stocks and contracts +€717,510
up €717,510 (+22.6%), from €3.2m to €3.9m
- Receivables within one year -€316,935
down €316,935 (-82.6%), from €383,511 to €66,577
of which Other amounts receivable: -€379,160
- Cash +€47,852
up €47,852 (+4,573%), from €1,046 to €48,898
mainly Other debts (+€656,068) and Receivables within one year (+€316,935)
- Other debts +€656,068
new in 2025: €656,068
- Profit (loss) carried forward -€138,543
down €138,543 (-5.6%), from €2.5m to €2.3m
- Short-term financial debts -€126,583
down €126,583 (-25.0%), from €506,000 to €379,417
- Gross operating margin +€68,702
up €68,702 (+79.0%), from -€86,965 to -€18,264
- Financial charges +€43,455
up €43,455 (+57.4%), from €75,681 to €119,136
- Financial income -€6,679
down €6,679 (-99.3%), from €6,726 to €47
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,620,490 | €4,052,249 | +€431,759 | +11.9% |
| Current assets | 29/58 | €3,620,490 | €4,052,249 | +€431,759 | +11.9% |
| Stocks and contracts in progress | 3 | €3,171,504 | €3,889,014 | +€717,510 | +22.6% |
| Stocks | 30/36 | €3,171,504 | €3,889,014 | +€717,510 | +22.6% |
| Amounts receivable within one year | 40/41 | €383,511 | €66,577 | -€316,935 | -82.6% |
| Trade receivables | 40 | €4,352 | €66,577 | +€62,225 | +1,430% |
| Other amounts receivable | 41 | €379,160 | - | -€379,160 | |
| Cash at bank and in hand | 54/58 | €1,046 | €48,898 | +€47,852 | +4,573% |
| Deferred charges and accrued income | 490/1 | €64,429 | €47,761 | -€16,668 | -25.9% |
| Total equity and liabilities | 10/49 | €3,620,490 | €4,052,249 | +€431,759 | +11.9% |
| Equity | 10/15 | €2,527,742 | €2,389,199 | -€138,543 | -5.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,459,571 | €2,321,028 | -€138,543 | -5.6% |
| Amounts payable | 17/49 | €1,092,748 | €1,663,050 | +€570,302 | +52.2% |
| Amounts payable within one year | 42/48 | €1,092,748 | €1,663,050 | +€570,302 | +52.2% |
| Financial debts | 43 | €506,000 | €379,417 | -€126,583 | -25.0% |
| Credit institutions | 430/8 | €506,000 | €379,417 | -€126,583 | -25.0% |
| Trade debts | 44 | €586,748 | €605,389 | +€18,642 | +3.2% |
| Suppliers | 440/4 | €586,748 | €605,389 | +€18,642 | +3.2% |
| Taxes, remuneration and social security | 45 | - | €22,176 | +€22,176 | |
| Taxes | 450/3 | - | €22,176 | +€22,176 | |
| Other amounts payable | 47/48 | - | €656,068 | +€656,068 | |
| Other operating charges | 640/8 | €1,182 | €1,190 | +€9 | +0.7% |
| Gross operating margin | 9900 | -€86,965 | -€18,264 | +€68,702 | +79.0% |
| Operating profit (loss) | 9901 | -€88,147 | -€19,454 | +€68,693 | +77.9% |
| Financial income | 75/76B | €6,726 | €47 | -€6,679 | -99.3% |
| Recurring financial income | 75 | €6,726 | €47 | -€6,679 | -99.3% |
| Financial charges | 65/66B | €75,681 | €119,136 | +€43,455 | +57.4% |
| Recurring financial charges | 65 | €75,681 | €119,136 | +€43,455 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | -€157,102 | -€138,543 | +€18,559 | +11.8% |
| Profit (loss) for the period | 9904 | -€157,102 | -€138,543 | +€18,559 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,102 | -€138,543 | +€18,559 | +11.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.